INVESTMENT OPTION FOR SENIOR CITIZEN

INVESTMENT OPTION FOR SENIOR CITIZEN

2 TYPES OF INVESTMENT OPTION FOR SENIOR CITIZEN

1. Tax Saving
2. Investment

TAX SAVING
1. Senior Citizen Saving Scheme

a) Eligibility:
i. Age above 60
ii. Citizen who opted voluntary retirement scheme or retired between the age of 55 and 60.
b) 80C Deduction
c) Regular Income :
d) Tax Benefit – Upto 1.5 L under 80C
e) TDS – Upto 1,50,000 No TDS up 5000 u/s 80TTB but more than that then file 15H declaration to avoid TDS.
f) Penalty for Premature.

2. Tax Saving Fix Deposit : Five Year lock in

a) 80C Deduction
b) Regular Income :
c) Tax Benefit – Upto 1.5 L under 80C
d) TDS – Upto 1,50,000 No TDS up 5000 u/s 80TTB but more than that then file 15H declaration to avoid TDS.
e) Penalty for Premature.
INVESTMENT

a) NCD : Non-Convertible Dentures
b) Corporate FD’s
c) Post Office Monthly Scheme 7.6% Taxable No deduction u/s 80C
d) Mutual Fund
e) ELSS



Follow me on Social Media:

1. Facebook : https://www.facebook.com/tax4wealth
2. Linkedin : https://www.linkedin.com/in/tax4-wealth-4aa2b718b/
3. Twitter : https://twitter.com/tax4wealth
4. Tumblr : https://tax4wealth.tumblr.com/
5. Pinterest : https://in.pinterest.com/tax4wealth/pins/
6. Medium : https://medium.com/@bhartichawla27



Google Play Store
https://play.google.com/store/apps/details?id=com.future.hellotaxindia&hl=en_IN



▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾

➨ Website:https://tax4wealth.com/
➨ Writes to us: tax4wealth@gmail.com
▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾▾

https://www.youtube.com/channe....l/UCpLA1d2SabkUKkrlz

#taxsaving
#investmentoption
#investmentoptionforseniorcitizen